British Columbia (BC) announced on February 26 that it will raise its minimum hourly wage to $17.40 starting June 1 of this year. It is currently $16.75, an increase of 3.9%.
Starting in 2022, British Columbia will change its minimum hourly wage increase rate to the previous year’s inflation rate. In 2022, the rate was raised by 6.9%. Until then, the state government determined the rate of increase.
In British Columbia, minimum hourly wage increases take effect on June 1st of each year, except for some industries. If this year’s increase goes into effect, British Columbia will have the second-highest minimum hourly wage in the country.
The highest price is Nunavut, which raised the price to $19 in January of this year. In addition to British Columbia, at least eight other provinces and territories, including Ontario and Newfoundland and Labrador, use the Consumer Price Index to determine minimum hourly wages.